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Since Bitcoin became popular around the world, the Bitcoin fork plan in 2017 was supported by the computing power of the entire network, resulting in the emergence of Bitcoin Cash. The emergence of Bitcoin Cash can be said to have attracted the attention of a large number of investors, especially miners. If miners want to mine Bitcoin Cash, the most important thing they need to know is the cost of mining Bitcoin Cash. So, how much does it cost to mine a BCH? Below, the editor of the currency circle will tell you about the calculation method of BCH mining cost. I hope that all miners who want to mine Bitcoin Cash will have a certain understanding of mining Bitcoin Cash through this article.

 How much does it cost to mine a bch?

In fact, mining Bitcoin Cash requires a lot of preparation work or equipment. Even if individual miners do not rent large-scale mining equipment for mining, their initial investment will be relatively high.

According to the current market price of equipment, the price of better Mine Nest series equipment is around 35,000 yuan, and the price of general Shenma or Innosilicon series is also around 15,000 yuan; the price of computer equipment is relatively good at 1 About 10,000 yuan, the ordinary one is about 7,000 yuan, and other software and accessories cost about 10,000 yuan.

In other words, even if an individual buys a single mining machine for mining, the initial investment will be between 30,000 and 55,000 yuan. If it is a professional mining farm, the cost is estimated to be at least one million.

 BCH mining process:

Bitcoin Cash is a hard fork from Bitcoin, so it is very similar to Bitcoin in terms of how to mine and trade BCH. However, during the fork process, Bitcoin Cash expanded the block size from 1MB to 8MB and recently to 32MB; it also replaced the isolation authentication technology originally used by Bitcoin. These measures have since At the technical level, it improves the transaction fluency of Bitcoin Cash and reduces the difficulty of mining for miners. In addition, since Bitcoin Cash has not yet cut production, the difficulty of mining will be much lower than that of Bitcoin. So how to dig bch?

1. It is necessary to own a relatively suitable mine and prepare relevant mining equipment. Generally speaking, mines try to choose places with relatively cheap electricity and relatively independent environments, so that they can save costs and not interfere with other people's lives. For mining equipment, you need to purchase an Asic professional mining machine that supports the 256 algorithm, and prepare computers, network cables and other accessories;

2. Just download and install various mining machine control software. This aspect should be completed by personnel who are familiar with computer technology and have a good understanding of how to mine bch as much as possible;

3. Carry out mining operations. After all the above software and hardware are installed and debugged, miners can choose a suitable mining pool for mining.

Through the above introduction, I believe everyone has an idea of how much it costs to mine a BCH. In fact, for miners mining Bitcoin Cash, if they can find a trustworthy platform and let the miners host or purchase cloud computing power, the other party will help them. Handling everything including "mining machine purchase, installation and deployment, maintenance" and providing one-stop service is a hassle-free, time-saving and worry-free thing. If you want to know more relevant knowledge, you can follow the currency circle. The editor of the currency circle will continue to update relevant reports in the future!